SUI Network（SUI）將解鎖價值2.5億美元的本地代幣，稀釋投資者的持股

SUI Network（SUI）將於2月1日釋放價值超過2.5億美元的原住民代幣。這是SUI Tokenomics和每月解鎖計劃的一部分，可膨脹SUI的流通供應並稀釋投資者的持股。

The Sui Network (SUI) will unlock over $250 million in its native token on February 1. This is part of Sui tokenomics and a monthly unlock schedule that inflates SUI’s circulating supply and dilutes investors’ holdings.

SUI Network（SUI）將於2月1日在其本地代幣中解鎖超過2.5億美元。這是SUI Tokenomics的一部分，也是每月一次的Unlrock Sugert，該計劃膨脹了SUI的流通供應並稀釋了投資者的持股。

Finbold has been monitoring and reporting Sui cliff unlocks. For example, December 1 saw Sui’s largest unlock in U.S. dollar value of 2024, unlocking $224 million worth of 64.19 million tokens. January 2025 had an even larger unlock nominal value for the same amount, valued at $274 million, as reported.

Finbold一直在監視和報告SUI Cliff解鎖。例如，12月1日，Sui以2024年的美元價值解鎖，解鎖了2.24億美元，價值6419萬個令牌。據報導，2025年1月具有相同數量的象徵價值更大，據報導，價值為2.74億美元。

The phenomenon is set to repeat tomorrow, on Saturday, if SUI continues trading close to its current level. Indeed, the usual 64.2 million SUI unlock currently holds a nominal value of $269.62 million. This will artificially increase Sui’s circulating supply and market capitalization by 2.1% after the token unlock.

如果Sui繼續接近目前的交易，這一現象將於明天（星期六）重複。確實，通常的6420萬SUI解鎖目前的名義價值為2.662億美元。在代幣解鎖後，這將人為地將SUI的循環供應和市值增加2.1％。

Interestingly, there are still 1.77 billion SUI locked in vested contracts with a scheduled unlock. Over 5.22 billion of locked SUI tokens are not yet scheduled, classified as “TBD locked” by Tokenomist.

有趣的是，仍有17.7億SUI鎖定在既得合同中，併計劃解鎖。超過52.2億個鎖定的SUI令牌尚未安排，將令牌主義者歸為“ TBD鎖定”。

Over $500 million in token unlocks next week

下週超過5億美元的令牌解鎖

Overall, “Cliff Unlocks” data from Tokenomist also shows that $539.16 million will be unlocked by 40 cryptocurrency projects in the next seven days. Other projects with significant unlocks are XDC Network (XDC) and Ethena (ENA), with $93.43 million and $39.09 million, respectively.

總體而言，從代幣主義者那裡的“懸崖解鎖”數據還表明，在接下來的七天內，將為40個加密貨幣項目解鎖5.391億美元。其他具有重大解鎖的項目是XDC Network（XDC）和Ethena（ENA），分別為9,343萬美元和3909萬美元。

Yet, SUI still represents the largest share, unlocking nearly 50% of all upcoming cliff events for the next week on Tokenomist. However, Ripple’s XRP leads, as usual, the largest monthly unlocks in USD value of the entire market, unlocking over $3 billion in XRP on the same day as Sui.

然而，SUI仍然代表了最大的份額，下週在下週關於令牌主義者的所有即將到來的懸崖活動中近50％。但是，像往常一樣，Ripple的XRP領先是整個市場價值的每月最大的Unlock，在SUI的同一天，XRP超過30億美元。

SUI tokenomics and market effects

SUI令牌學和市場影響

Sui Series A and B investors receive the most, getting over 19 million SUI each for 61% of the total. Mysten Labs gets the remaining 25.03 million, reserving 12.63 million for the community, 10.34 million for early contributors, and 2.07 million for its treasury.

SUI A系列和B投資者獲得最多的收益，分別獲得超過1900萬SUI，佔總數的61％。 Mysten Labs獲得了剩餘的2503萬，為社區保留了1,263萬，早期貢獻者為1,034萬，其財政部保留了207萬。

So far, the Sui Network has already unlocked 3 billion (30%) of its maximum capped supply of 10 billion SUI. At $4.20 per token, the “Solana-killer” has a fully diluted value (FDV) of $42 billion. This would put SUI, currently with a $12.6 billion capitalization, between Dogecoin (DOGE) and Cardano (ADA), each with a $49.9 billion and $34.9 billion market cap, respectively.

到目前為止，SUI網絡已經解鎖了其100億SUI的最大封頂供應量的30億（30％）。 “ Solana-killer”的價格為4.20美元，其價值（FDV）為420億美元。這將使SUI在Dogecoin（Doge）和Cardano（ADA）之間，目前擁有126億美元的資本化，分別為499億美元和349億美元的市值。

Each time the network unlocks more tokens, it increases the potential selling pressure and artificially inflates the market cap. An increasing supply requires a similar, or better, increased demand to sustain its prices, according to the laws of economics. On that note, Adeniyi Abiodun revealed that the world’s “largest consumer platform” is coming to Sui Network this year.

每次網絡解鎖更多令牌時，它都會增加潛在的銷售壓力並人為地膨脹市值。根據經濟法則，供應不斷增加的供應需要相似或更好地增加其價格的需求。在這一點上，Adeniyi Abiodun透露，世界上“最大的消費者平台”今年即將到來。

On a cautionary perspective, Sui has a unique tokenomics, which allows Mysten Labs and Series A/B investors to stake their locked tokens. These positions generate asymmetric liquid rewards against other staking investors, allowing these entities to sell these rewards or compound their staking positions over time.

從警告性的角度來看，Sui具有獨特的令牌學，這使Mysten Labs和Series A/B投資者可以將其鎖定令牌放置。這些職位會對其他Staking投資者產生不對稱的液體獎勵，從而使這些實體可以出售這些獎勵或隨著時間的流逝而使其靜止狀態更加複雜。